November 17, 2011
Colombia’s Banco Popular, which had been expected to raise up to COP250bn (
Colombia’s Banco Popular, which had been expected to raise up to COP250bn ($134m) Wednesday in the local bond markets, has decided against such a move. The locally AAA-rated bank is likely to wait until next year in light of the volatility emanating from Europe, says a person familiar with the situation. The bank has no immediate funding needs, but next year’s issue could be larger and may take place as soon as February, he adds.